Bread Financial (NYSE:BFH) Given New $53.00 Price Target at Barclays

Bread Financial (NYSE:BFH) had its price objective upped by research analysts at Barclays from $51.00 to $53.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 16.62% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Evercore ISI upped their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.92.

Bread Financial Trading Down 0.1 %

Bread Financial stock opened at $63.57 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.12 and a beta of 1.94. Bread Financial has a one year low of $32.10 and a one year high of $66.71. The company’s fifty day moving average price is $61.69 and its two-hundred day moving average price is $55.49.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. On average, analysts forecast that Bread Financial will post 7.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently added to or reduced their stakes in BFH. Savant Capital LLC boosted its stake in shares of Bread Financial by 5.8% in the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock valued at $325,000 after purchasing an additional 290 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Bread Financial in the 4th quarter valued at about $927,000. Choreo LLC bought a new position in shares of Bread Financial in the 4th quarter valued at about $201,000. Highland Capital Management LLC boosted its stake in shares of Bread Financial by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock valued at $350,000 after purchasing an additional 350 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after purchasing an additional 558 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

About Bread Financial

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.